Silver has risen almost 100% since its recent lows. And there's potential for much more. But it is the most fickle and frustrating of metals – it could hit $100 an ounce, or it could send you bankrupt. Dominic Frisby ponders which is more likely.
So there’s plenty of potential in silver!
Silver will go to $100 one day. But it could bankrupt you in the meantime. Yet here we are in July 2020, silver is $22 an ounce – not even half the price it was in 1980, not even half the price it was in 2011 when it went to $50 – and everyone’s going nuts about it.
You wait years for silver to make a move and then when your back is turned, off it goes to the races. What can I say? There are lots of powerful narratives to propel silver higher. The fact that it’s cheap relative to its all-time highs is yet another of them.
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